Tuesday, December 4, 2012

So who gets blamed if we go over the fiscal cliff?

Good question.  If hitting the bottom of the fiscal cliff hurts as much as we think it will, fingers will be pointed.   Paychecks will get  smaller in January as withholding bumps up and as the FICA tax holiday comes to an end.  Ordinary folk will probably see their withholding tax double.  That ought to bring 'em up fighting mad.
   If Congress passes anything, Obama will have to sign it, otherwise he will take the blame for all the bad stuff that follows. John Boehner probably has the House in hand enough to pass anything reasonable.  He ought to do so.  The Senate will be under tremendous pressure to pass it, what ever it is, 'cause if they don't, everyone will blame them.  And no Senator likes that idea. 
  The circular firing squad is in place.  Who ever fails to keep us from going over the cliff will get shot.

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